Rhumbline Advisers Purchases 23,416 Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE)

Rhumbline Advisers increased its stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) by 376.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,628 shares of the company’s stock after purchasing an additional 23,416 shares during the period. Rhumbline Advisers owned approximately 0.08% of Nano Nuclear Energy worth $784,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Citizens Financial Group Inc. RI grew its stake in shares of Nano Nuclear Energy by 23.5% during the fourth quarter. Citizens Financial Group Inc. RI now owns 900,000 shares of the company’s stock worth $22,406,000 after purchasing an additional 171,000 shares during the period. Anson Funds Management LP acquired a new position in Nano Nuclear Energy in the fourth quarter valued at about $20,746,000. Hudson Bay Capital Management LP acquired a new position in Nano Nuclear Energy in the fourth quarter valued at about $19,642,000. Vanguard Group Inc. grew its stake in Nano Nuclear Energy by 2,838.5% in the fourth quarter. Vanguard Group Inc. now owns 685,619 shares of the company’s stock valued at $17,068,000 after acquiring an additional 662,287 shares during the period. Finally, Nuveen Asset Management LLC acquired a new position in Nano Nuclear Energy in the fourth quarter valued at about $4,544,000.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a research note on Monday, March 31st.

Nano Nuclear Energy Stock Down 1.7%

Shares of NASDAQ:NNE opened at $37.31 on Friday. Nano Nuclear Energy Inc. has a 12 month low of $6.30 and a 12 month high of $48.05. The company’s fifty day simple moving average is $27.48 and its 200 day simple moving average is $28.20. The firm has a market cap of $1.55 billion and a price-to-earnings ratio of -41.00.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.57) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.46). Research analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

About Nano Nuclear Energy

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.